Absolute Capital Management LLC Has $2.91 Million Holdings in iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Absolute Capital Management LLC lowered its position in shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,331 shares of the company’s stock after selling 4,172 shares during the quarter. iShares MSCI USA Quality Factor ETF accounts for about 1.6% of Absolute Capital Management LLC’s holdings, making the stock its 18th largest position. Absolute Capital Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $2,911,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Whittier Trust Co. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 63.1% during the fourth quarter. Whittier Trust Co. now owns 212 shares of the company’s stock valued at $38,000 after acquiring an additional 82 shares during the period. Elevate Wealth Advisory Inc. raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 34.7% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 2,813 shares of the company’s stock valued at $501,000 after acquiring an additional 724 shares during the period. Certus Wealth Management LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 1.4% during the fourth quarter. Certus Wealth Management LLC now owns 37,121 shares of the company’s stock valued at $6,839,000 after acquiring an additional 496 shares during the period. Symmetry Partners LLC raised its holdings in shares of iShares MSCI USA Quality Factor ETF by 65.2% during the fourth quarter. Symmetry Partners LLC now owns 114,757 shares of the company’s stock valued at $20,436,000 after acquiring an additional 45,283 shares during the period. Finally, Bestgate Wealth Advisors LLC acquired a new stake in shares of iShares MSCI USA Quality Factor ETF during the fourth quarter valued at approximately $2,162,000.

iShares MSCI USA Quality Factor ETF Stock Performance

iShares MSCI USA Quality Factor ETF stock opened at $171.94 on Friday. The firm has a market cap of $48.81 billion, a PE ratio of 26.45 and a beta of 1.04. The firm’s 50 day moving average price is $180.10 and its two-hundred day moving average price is $180.24. iShares MSCI USA Quality Factor ETF has a twelve month low of $154.17 and a twelve month high of $187.26.

About iShares MSCI USA Quality Factor ETF

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector.